The growing requirement for point-of-care testing products and the soaring research activities being performed in the domains of proteomics and genomics are the prominent factors fueling the advancement of the market across the world. In addition to this, the surging research and development (R&D) expenditure in several countries is driving the progress of the market.
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Rapid technological advancements and innovations are massively boosting the growth of the market around the world. Microfluidic devices are made from a diverse range of materials such as glass, silicon, ceramics, and polymer. With rapid improvements being made in the fabrication procedures for glass and silicon materials, these substances are becoming highly suitable for manufacturing medical devices. Moreover, extensive research being performed in the domain of microfluidics is augmenting the popularity of medical equipment made from polymeric materials.
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Based on material, the microfluidic devices market is classified into polymer, silicon, and glass. Amongst these, the polymer category is currently demonstrating the fastest and the highest growth in the market. This is because this material is a better alternative to glass and silicon, on account of its highly inexpensive nature and quicker fabrication process. Polymer has emerged as an ideal substrate for various point-of-care testing applications, on account of its oxygen permeability, gas permeability, optical transparency, and nontoxicity.
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Thus, it can be said with certainty that due to the increasing research and development activities in microfluidics and microfluidic devices and rapid technological advancements in healthcare, the market will grow sharply in the coming years.